Yen is not collapsing was lower last year as seen in this graph , just up and down not huge long term pattern:
It is?
I think we are talking the US is less worse than other countries.
100,000 Japanese families can’t go home because their homes are glowing. That took some production out of the economy there, not to mention the mess Fukushima raised with the economy.
Imagine the economic impact if Southern California’s San Onofre nuke plant did the same and displaced forever the million or so that would be affected.
Think of all those people having to move out of California and what it would do to the economy
I guess that's the proclamation from Axelrod's disinformation machine and the claim is backed up by stats showing the number of discouraged (former) job seekers skyrocketing.Hey,there's more than one way to nudge that unemployment rate down.
Yen is not collapsing was lower last year as seen in this graph , just up and down not huge long term pattern:
This appears to me to be hyperbole. I track the DOW and the major currencies, and the dollar had been falling against the Yen for, I don’t know, many months. I was waiting to see if it would go below 80 Yen. Well, it rebounded from the low 80’s to 86, and this is a collapse of the Yen ? The dollar was 90+ Yen in the 1990’s.
Japan’s economy contracted in the third quarter and may have slipped into recession, while November’s trade deficit widened nearly 38% from a year earlier. They need a weak yen to compete internationally. Japan has had almost two decades of deflation in part because the BOJ allowed it to happen and never fought it seriously until today. Deflation is the reason why Japan’s lost decade turned into two decades. Of course what we really need is that the governments of the world stop borrowing fake money from each other and return the money to the people to let the people care for each other.
hedge fund guy Kyle Bass believes the japanese yen drop is being driven by a sovereign debt crisis in that country
http://www.zerohedge.com/news/2012-11-20/kyle-bass-end-debt-super-cycle
Japan has the highest debt to GDP ratio of any country bar none. Japan’s debt to GDP ratio is about 2.33 to 1. A ratio above one is generally a cause of concern in the financial markets.
Just another “unexpected” story from a so-called expert crap shoot at the local financial casino.